A patent and a trade secret have exactly the same effect
Indicate whether the statement is true or false
F A patent protects the owner of an idea, who owns the idea for a period of time even if another discovers it. A trade secret constrains those who know the secret but grants no ownership in the secret idea, so if the secret is independently discovered it is lost.
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Generally with bond ratings, the higher the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) lower; lower C) higher; lower D) lower; higher
Which of the following central bank policies will lower the money supply?
a. Buying government securities. b. Lowering the discount rate. c. Selling foreign currency in the foreign exchange market. d. Lowering the reserve ratio. e. None of the above.